China is on track to import a record amount of Russian crude oil in March, following Moscow's invasion of Ukraine. Analytics company Kpler reported that Sokol crude oil imports are expected to triple to an all-time high of 379,000 barrels per day (b/d). This surge comes after India reduced its purchases of the same grade, fearing Western sanctions, leading Beijing to receive a new discount on Sokol oil from Moscow. Bloomberg highlighted this development, noting the significant increase in China's procurement of Russian oil, especially at a time when China's exports to Russia and Central Asia have been booming, despite a general weakness in Chinese exports elsewhere. This trend has raised concerns about China's role in enabling Russia's actions in Ukraine, with critics pointing out the substantial support provided to Russia's war economy through these economic ties.
China isn't some neutral party in Russia's invasion of Ukraine. Just look at the massive flood of exports going from China to Central Asia, the Caucasus and Belarus. These goods are obviously going to Russia and help Putin keep his war economy going. China has chosen sides... https://t.co/L0sxfCuJ1p
China apologists like to explain away China's massive export growth to Russia and Central Asia by saying: "China's exports to everywhere are booming, not just to Russia and Central Asia." Wrong! Chinese exports are very weak. There's only a boom to Russia and its satellites... https://t.co/mEQ2OPTD9C
China is the biggest enabler of Russia's invasion in Ukraine. China just released January and February export data. On the surface, those fell back, but that's just Chinese new year seasonality. Compare January and February going back in time and 2024 is a new all-time high... https://t.co/cj4cFWFgfm
China is expected to import record-high oil volumes from Russia in March - Bloomberg China is expected to import record amounts of Russian oil this month, especially Sokol crude oil which India is avoiding due to concerns over US sanctions, according to Kpler. The total import… https://t.co/x3W6DDASys
China is on pace to buy a record amount of Russian oil this month https://t.co/C4JPZzrbOG
Bloomberg writes that China will import record Russian oil in March Beijing received a new discount on Sokol oil from Moscow and reached record levels of imports after India reduced purchases, fearing Western sanctions. https://t.co/MmpvWnUFpS
⚡China is on track to receive a record level of Russian oil imports for the month of March, Bloomberg reported on March 18, citing data from the analytics company Kpler. https://t.co/yizcysZZxl
China to break records with March Russian oil imports https://t.co/5930Vnwlt8 https://t.co/tNnZudamwQ
#China Set for Record Russian Oil Imports in March, Kpler Says Sokol flows poised to triple to all-time high of 379,000 b/d Asian nation taking more of grade after India trade eased #oott #Russia https://t.co/Ka2JbIRhL1
China has been a consistent buyer of Russian crude since Moscow's invasion of Ukraine. This month, it's on track to import a record amount https://t.co/i8sRBALeFj